Will you reconsider your decision about leaving this campaign, Hhampuz? we want you to stay here but if that's your decision, we'll respect it but we're hoping for your reconsideration.  It is sad, but everyone should be allowed to take a break from time to time. Hhampuz did an excellent job. |
|
|
|
__________________ fan flow | o o | fan flow <<<<<<<<<| O (50mm) |>>>>>>>>> | o o | --------------------------- Is my idea  two side, so 8 new holes arround 20mm i thinks is good size i have expected air flow, and up and down the flow is litle down, so by 8 news litle hole (not to big to respect the pressure) compensate this "problem" for more efficiency Can't see pictures but here is something that may be interesting for you to know: Consider using a dremel to make non circle holes (such as square or octagon). Circles make more noise (like a flute). Just remember: to reduce noise, avoid circles. Someday i will try your idea, when i move to a country with actual winter. |
|
|
|
It is also possible that Satoshi Nakamoto was one of the victims of the economic disaster, so Satoshi decided to make bitcoin in anticipation of where the economic crisis occurred again. but surely, with the development of digital technology as it is today, people must have their own opinions, and in essence, bitcoin has helped many people to gain financial freedom. we as lovers of bitcoin, help bitcoin to be accepted throughout the world as a digital currency that is suitable for use wherever and whenever.
Virtual secure decentralized money has been a long sought dream, there were various attempts before, some of which ideas were used as building blocks for Bitcoin. 2008 happened but I'm willing to bet that was coincidence. Besides under the dominant school of economy, another 2008 will occur. The financial freedom dream was only possible for the minority that trusted the project at its earliest stage, it is no longer the case, you can no longer buy bitcoin and live of it. You could in 2010 if you bought and waited (some people couldn't wait and sold). But you can no longer do the same now. While bitcoin does not lose purchasing power, it doesn't increase "itself" as much as to provide a means of living. Its still a good coin, and keeping your savings in Bitcoin ensures your wealth won't disappear overnight, no matter what happens to the world (in the inevitable next bubble pop). You don't have to be a genius to know the next one will come because the current system of debt, credit expansion and fractional reserve ensures it comes. The Austrians (Mises et al) have have been telling us for a century, they even predicted the crash of 29. And yet the fools still pay attention to the Chicago school, because its great for short term, and politicians are always about short term profit, lets pass the bomb to the next fool... |
|
|
|
Peoples who bought bitcoins on the ALL TIME HIGH peak were those who made minimum research before putting their funds into and they just followed the trend and blindly invested into bitcoins. What would be expected for those? Also, bitcoins have the ability to dump the same manner they pump and it is not really wise to think that bitcoins will skyrockket a never stop. Bitcoins showed us a huge growth in the year 2017 and it was the most highest peak bitcoins ever reached, but also in that year a lot of new individuals/investors were been introduced to bitcoins that is what made them buy bitcoins at that time.
Let those peoples laugh until we see a next such great pump which might have been just started. We can sooner expect the price to reach all time high peak again.
If you buy when everybody else is buying chance is high you are doing it wrong. Its usually too late. FOMO is a bad guide, which often leads to mistakes and even losses. Why would Bitcoin or any asset pump nonstop and then STAY up? This is absurd. I can accept a steady slowly climb, because production decrease, worldwide demand, and built-in limited production. A bull run is dangerous... If you followed the advise, don't invest what you cannot afford to lose, and bought at 19k, you would have kept those coins until the day that price is breached. Could take more years, but it doesn't matter, as its not a money you need right now. You never lose until you sell below bought price. Current price is boring? Maybe current price is good. Keep waiting for the "run", and you will miss it. |
|
|
|
We don't know whether quantum computers will exist or not, but assume they will be built and some QC owners will move the early mined coins. What will happen?
Case 1
They (QC owners) could move the early mined coins, which are mined to P2PK addresses and haven't been moved since then.
They could let these coins there for a certain time to give potential owners the possibility to prove (signed message) that they are the owners and transfer these coins to them.
If there is no owner, the QC owners are the new owners.
Case 2
Some BTC owners will not accept case 1. They will create a hard / soft fork and burn these early mined coins.
In both cases we have to implement QC resistant addresses immediately.
Case 3
They (QC owners) will move all possible coins (also from active addresses).
In this case the Bitcoin price would collapse and it would end the Bitcoin project.
Case 1 gives the QC owners the possibility to improve our Bitcoin network and make it quantum resistant and reward them with these early mined coins. If there are still owners of early mined and not moved coins, they have the chance to move the coins and will get them back even after being moved, if they prove it (signed message) within a certain time period. Case 1 would lead to a smooth transition to a quantum resistant Bitcoin network and would be the strongest fork. If nothing is done they would sell them, price would go down a bit, people would buy the cheap coin, price would go back to normal. See? the market self regulates as usual. You know it is the exact same scenario if Satoshi returns to do the very same? You people always fail to realize that selling large amount of Bitcoin does NOT happen instantly, and the fact that it takes several operations changes things considerably to what some people theorize. And like you say, some might just keep them, because why not? I guess its some sort of unofficial prize for successfully building such computer. You say "some" won't accept it? That won't do. A hard fork takes a considerably amount of consensus. I doubt this will be the case, to imply it would be the same mistake made by Ethereum, and Bitcoin has long proven they are not. You cannot collapse the price of bitcoin (permanently as you imply, anyways). No matter how many Bitcoin you attempt to sell, the market will buy them probably faster than you are able to sell them anyway. This is what you fail to see, operations are not instant. Whales don't have as much manipulating power as you think, not even Satoshi. You have no case. |
|
|
|
I am still in a confusing state also as this announcement does not have any impact on the price of Bitcoin. I don't know what you mean by the system will be less secure if Chinese miners stopped. Bitcoin itself is immutable and secure by the way it was built.
Because mining does not directly affect production beyond the 2016 blockspan production which is two weeks. Whatever the worldwide production is, every two weeks its adjusting itself back into new block every 10 minutes. Bitcoin doesn't really care, its not like it "depends" on China, yes, China can go off for all Bitcoin cares. But most chinese miners would simply move to neighbor countries if not allowed to continue operations. The price of Bitcoin might be affected a bit, especially from unfounded fears of investors not really knowing Bitcoin, but after seeing the truth their fears slowly fade away. Do not worry about events like this, unlike the rumors, Bitcoin is not centralized. China may disappear from bitcoin's market and things would go on the same. Yes, even pools and asic manufacturers could close, wouldn't matter. Bitcoin does NOT depend on China or anybody else, not America, no one in particular. |
|
|
|
If a service only accepted bitcoin it would likely charge insane prices to stay afloat. (Supply and Demand)
Bitcoins features wouldn't be over the head exciting. Uber and Airbnb pay people out fairly and so there really isn't a need to cut them out....yet.
The hardest thing to do when you are in love with bitcoin and crypto in general like we all are, is to keep a sain head and really think to yourself "does crypto really need to be introduced to this section?".
The answer in my opinion is no.
If you can't save money using those services then don't. If at an specific place a taxi or hotel is cheaper, use them. VOTE with your wallet, ALWAYS. You may even manually find a place whose owner actually even accepts Bitcoin when talked to, who knows? Its easier than a franchise imposing conditions. |
|
|
|
Interestingly, you could also be an operator or owner of some gambling site, grab a small portion of the bankroll, and loan those out for a lower rate to people, who of course should pay back and is also backed by collateral. But that in itself is already a calculated risk... Banks do this all the time, they lend money they don't really own. They are custodians. It's a business after all.
This happens automatically in some gambling sites, in others you have to explicitly find the section for investing in the bankroll. For such something like 4% over a year i have seen, but your money gets trapped for various months (probably to smooth variance, like a pplns pool). Since they pay you interest over the money you are leaving there (which they use in their bankroll) the collateral is already made. Not unlike a bank, really. Except its invested in the site's main business rather than outsource investments or traditional loans. |
|
|
|
You can't say this is the best exchange, especially if it has not been proven. And for me there's a lot more to do with this exchange to put him on the best exchange this 2020. So for me Binance is still number 1! And this can be seen in their development and how they can help countries using crypto currency especially in Australia hit by bush fire.
Nothing like a newbie recommending a site no one else has used before. One would think this is just yet another episode of paid advertising. There is a Marketplace section, with services, where such sites can be presented. Obviously rather than saying "best exchange" (which is a dead away hint that its not) the name of the service itself would be best. Also number 1 isn't necessarily "the best". Remember, Mt.Gox was "number 1" when it went down... Exchanges are always risky, expect tomorrow for the site to disappear, and plan accordingly. Hopefully it won't but you never know, it has happened and has continued happening, if a bit less maybe thanks to regulation but don't be so sure, banks are also regulated and banks can also fail (bankrun). Remember the "don't put your eggs in the same basket" thing? (Diversify)? This also includes exchanges. Don't put all your investment money in an exchange, and never use money you cannot afford to lose. |
|
|
|
Individuals are still practicing old traditional ways of transactions to accomplish the money stream. However, Cryptocurrency Era has arrived and people aren’t aware of it. If we see this era with future perspective, different industries and businesses will switch towards cryptocurrencies to pay for their services. With this, the middleman will be completely removed from many progressions. This progress will cut down costs and will offer cheaper services for the end user.
Cryptocurrencies will influence the future, as the protocols are getting tighter. Countries like the United States, United Kingdom and Australia have accepted cryptocurrencies. Many countries will be accepting cryptocurrencies in the near future. IoT is already here.
Crypto world will emerge into the ultimate trading option as more cryptocurrencies will be introduced. The trading will take place between all these different currencies once the prices of crypto increase. One of the most demanded features is the fast transactions, which will take place with the advancement of technology, with this downloading and transfer will happen within seconds. Games, books, videos and music will be combined in a blockchain and sent through crypto wallets, with the high speed feature. The most influential crypto coins are here to stay but it won’t halt the birth of other crypto coins, it will increase with time.
Cryptocurrency schemes are on a growing phase. On predicting cryptocurrencies future, features like the grand crypto bull market will continue. As with fast-track, every day it effect extensive implementations.
As soon as they are broadly approved, will become the next version of the technology in all regions. Crypto will easily be converted into currencies and vice versa. Cryptocurrency Development Services have emerged in recent times for the betterment of investors who would like to create a foundation.
According to some sources, cryptocurrencies will fall down while experiencing fluctuations, which is making the traders and the holders worry. But as per the market experts, this is just a matter of time.
Bitcoin is still very much used and adopted all around the world to this day. It has been accepted by organizations and payment gateways all across the world. So what about Altcoins? Are they worthy to buy in future? To predict the future is very hard. In the cryptocurrency world, prices are very volatile. Dealing with the issues of transparency and scalability problem, might effect cryptocurrencies in the future.
Its not cryptocurrency era, its Bitcoin era. The altcoins are worthless for the most part, and the "best" of them are really flawed, it is better to stay away unless its short term trading. For holding stick to bitcoin alone. Whoever wrote this article (you?) is quite wrong. Traders LOVE fluctuation, it how they make money. Holders can't care less, as long as its bitcoin, there is nothing to worry. Some altcoins go down to never recover... Also a fluctuating coin means its free of arbitrary intervention outside its code. There is no need for any "foundation" attempting to "regulate" it, just like a State does to its fiat. The beauty of bitcoin, its that its price is REAL. not artificial. So of course it fluctuates, but in the long run it goes up, slower as time passes, but up nonetheless. All "stable" coins will break at one time or another, because the use fractional reserve practices and inflation just like fiats do (and often peg themselves to those very fiats). We have already seen a little of it with Tether, but more scandals will come. Just stay away from those and stick to bitcoin for long term. If you want to diversify, don't use the altcoins go with traditional assets. |
|
|
|
Seemingly in the news we hear how China is anti Bitcoin and anti cryptocurrency and well that may be all well and true but for an anti Bitcoin Country they sure do have lots of hash. In the Top 10 mining Pools in the world China has around 4 maybe even more. Which comes to the question what is really going on in China & The Bitcoin. As usual thoughts and comments are more than welcome. Thanks.
I think its more accurate to say anti freedom. The Chinese State does not want something they cannot control, remember the State and politicians are control freaks. They want the POWER to change the coin rules at anytime to suit their needs (this occurs in most countries, not just China, but they are one of the most honest about it. See, just cloning Bitcoin and renaming it wouldn't just do, they want back the ability to create as many as they want on a whim, they don't want others not them controlling it, exactly like Venezuela did to Petro (from Dash). Mining is a bit different because to them its just another commercial (export) activity that produces wealth. They would be fools to stop that, as long as the miners pay the electricity and associated taxes. It is also true that some private entities are moving virtual money (electronic payment), maybe they also want to end those because its no in their direct control. Tokens were banned first probably because there were so many scams associated with them, but that very old news. Bitcoin is another matter altogether, but a country cannot adopt it without willing to surrender their gov control of the money, which is a huge step in freedom. A coin that cannot be devalued is a coin that the Chicago school of economy fears, because it will lead to deflation. Therefore unless you study and adopt the Austrian school of economy and drop the other one, you will never understand how a world economy can function with it. Most economists and politicians only know the Chicago school (or worse, Keynes, Marx, etc). Even people in this forum are mostly unaware of the Austrian school and are fearful of deflation, because they don't know any better. Study Mises, and clear your doubts. The economy CAN function with a coin that does not lose value over time: https://mises.org |
|
|
|
Wasn't there a similar topic yesterday? I think it disappeared somewhere maybe it got deleted  Tesla is in an uptrend similar to the ones Apple and Microsoft went through. That said Musk is throwing money away trying many different projects at once like that express tunnel, space projects, powerwall... Some are returning good profits and some are not. It's basically a one man company. If something happens to Musk the stocks will fall. This is sad but true. I don't think any of his companies would fare good without him. They may linger along for a awhile but their would simply go out, Like an Apple without the Steves or even Microsoft without Gates and Ballmer; its simply not the same. No idea why he mentioned bitcoin, maybe because of it being used as "safe" against an unstable economy? It really doesn't matter. The powerwall is technically a Tesla product, its simply the very same car batteries used as UPS. I guess its just a bi-directional grid tie inverter connected to the LI-ion batteries which charge and discharge as needed. The home edition is i think around 10% of the batteries a Tesla car would have, there is a commercial edition as well (MOAR batteries). |
|
|
|
This mofo is back tracking now, lol.
Well I'm not surprised though, we all know that his prediction is really out of this world. And he just did it to attract attention. So obviously, the price won't even breaks the 6 digit mark. And we know that this is not the last time that John will make such bold predictions or make preposterous in crypto sphere.
Lol. We already discussed him plenty right here how he is just looking for attention by making outrageous claims. If NOTHING happens with the USD, logically the price of Bitcoin will tend to go up but less and less pronounced overtime (never stable, never pegged). The USD is simply forced into 2% inflation like any other country the follows the school of Chicago dogmas, while Bitcoin isn't. So while its technically possible that, maybe it could reach such price at some point, its taking longer and longer to do. |
|
|
|
There will always be poor, rich and ultra rich people no matter what currency are we going to use. However decentralization in Bitcoin is about not being controlled by a central entity. For example the Feds can increase the supply of US Dollar indefinitely. Also they control how much liquidiry is poured into the market, etc.
Well, you are partially countering your own argument. If I have lots of Bitcoins (say, 5-10K), I can easily control the liquidity in the market. I can easily fake pump/dump by choosing any single exchange and that will manipulate the whole market. That's the current misery with Bitcoin. Although the Proof of Work algorithm ensures its fair-working as a currency (since lots of nodes already ensuring decentralization of chain's instance) but 'Bitcoin as an investment' is still prey to the early holders. That's what make Bitcoin a risky investment and main reason why it is referred as Bubble by many experienced investors. But it doesn't work that way, because the moment you try, you will find your operations don't execute instantly for the entire amount. The capacity for whale manipulation is lower than some people think. This is why this "misery" doesn't even exist. Wealth distribution is unrelated to coin centralization, that is a fact. No one can destroy Bitcoin overnight, like governments, banks, wars, etc can with fiat. Those that invested earlier, profit the most, and there is no turning back. Bitcoin is no longer something to make money by just buying and holding, that stage is already gone. It is a coin that keeps its value over time, that's its intended purpose, and thanks to its design, its smoothly entering this stage. Before Bitcoin the world did not have this kind of coin, now it does. Even if you (like me) missed the early days, we can still use it to at least preserve what little wealth we may have up to this point. Should you keep it in fiat, you risk losing it overnight. Suppose a catastrophe (natural or artificial) happens in your country tomorrow, if you had moved all your money into Bitcoin, your wealth would have been kept safe even if everyone else around you enters misery due to the fiat/economy collapse. But this is a decision you can only take BEFORE it happens (even if it never happens). Once it happens, it is too late to react. The smart investor would simply diversify, just in case. It is foolish to trust your government or your central bank, especially when you know they have the power to make you poor overnight. |
|
|
|
You got to treat those 12 words like they are the keys to life itself, nobody should
know them.
Can a BitCoin expert please confirm this: This is for Online exchanges ONLY I assume nothing can ever hack my bitcoins I have on a USB drive not connected to any network This is wrong. All wallets are the same, the difference is where its being used from (a remote server vs your own pc). Online wallets often do NOT give you the privkey (seed words). When they do, they are being very nice and transparent but this is seldom the case (Some DEX do). The money is not in the wallet. It NEVER is. The money is always in the "cloud", so called blockchain (this is also the reason Bitcoin isn't in any specific country but in all). The wallet is the key that allows its owner to move them. If you have the seed words you can recreate this key anywhere at anytime. Therefore these seed words need to be protected the most, and preferably should not see an electronic (hot) device ever. That is the point of writing it in a piece of paper with your own hands vs an usb thumb that needs to be plugged at some point (copy paste, printing, screen shooting and taking picture should be also avoided). Truly the word wallet is a bit of a misnomer, maybe something like keyring would be more accurate, but i guess its easier for the masses. You can create and recreate a wallet in a secure computer not connected to the internet, that loses its memory once turned off (a live iso such as Linux Tails OS), and manually broadcast generated transactions from a connected computer. A paper with words is truly "unhackable" as long as its kept (physically) safe. Preferably you would manually hand-write copy this into another paper and store it securely at a different physical location, in case something happens to the first one. With the seed words you can recreate the wallet even if you lose it. The password is not used, but its important to keep the wallet encrypted while "hot" (in use). The seed words could be theoretically saved in an encrypted text file in an usb thumb, but you'd better not lose the password... And remember that handling that is the most risky part, certainly don't use a windows computer connected to the internet... |
|
|
|
I have 3 things in my mind about this rising price again
1. The current situation between Iran and US, with the price of oil rising, everything goes up, so as crypto as it can be use for funding by the government and other people may also be preparing for the worse,
2. We may be witnessing the second bull run, it is what we are waiting for right, just dont be get too excited ofcourse.
3. Whales might be doing something , or maybe they are trying to rally the price and then dump it, like always.
But no matter what is the cause you should be very careful on what we are going to do next , always keep in mind what happen before but, if you feel this is the time don't hesitate we might be witnessing something more better this time.
Well there is the USA / Iran war scare, this is more against markets than pro bitcoin, it means some investors flee to metals and crypto when they see any potential problem with the global economy. Nothing new. Bull run? Well there may be one for the halving, but it is a bit early. The push wasn't too strong in the end, but if Iran continues shooting I'll go back up. Whales have less power with the passage of time, as more coins exist and are in more hands as well. Sure they can still pressure, but they can't push too far from the market trend. They can still make money, but not as spectacularly as in the past. |
|
|
|
You may dislike me, you may disagree with me, you may condemn me—you may even decide that you hate me. But we both agree that Bitcoin has value; and Bitcoin itself is absolutely unbiased between us. *snip*
There are actually people who think that bitcoin "has no value"; and one of the most famous people who thinks that, well, we all know the dude The good thing though, is that it doesn't matter that he thinks! The market decided(via supply and demand) that the current price is $8100(as we speak), so it doesn't matter if he thinks bitcoin has no value! It's one of the beauties of open markets. With that said, you should create a Medium account lol. The value of things is NOT the value of production. It is your perceived value, how useful it is to you in your context and moment. Your smartphone (depleted battery) vs water in a desert, or refrigerators in the north pole. the characteristics of bitcoin is what gives it value, not what it cost was to mine it. Of course, there is less incentive to mine it if the market value goes under production value. But the sole fact that there is demand at all, means it is useful to enough people to give it that value. I don't agree with medium. I'd rather not go offsite to read and comment on articles. |
|
|
|
I think it was created by the central banks to experiment with a potential replacement for the dying fiat currencies. The long confirmation times, and the 21 million cap ensure that it can never become the dominant world payment system.
In fact, by implementing the LN, aren't they implementing a system similar to the one used by banks to settle their payments between different parties? Fortunately you can skip LN altogether. If you don't like it, don't use it. Its optional and i don't think most should ever use it anyway. Most payments don't have to be "instant", you can pay in advance, or buy online and wait confirmation. Wire transfer always takes longer. The 21 million cap is what ensures the coin will keep its purchasing power overtime, unlike fiat money which always loses it. With this type of money, Central Banks are no longer needed, since fractional reserve bank practices should not be protected and people using banks becomes optional as well. Bitcoin is the liberation of money from the State. In fact Bitcoin is free from the world economy altogether, unlike the fiats chained to the economies of the countries they represent. |
|
|
|
I know this is not related, or maybe it is, but is there a way to not only check the balance of your address but also to check when the address is being signed or accessed?
I just had a recent experience of my wallet being accessed. I lost a lot of my btc and I would probably have known earlier if I could see that my address was somehow being accessed or interacted with. Is there a way to monitor for this other than when it is too late?
There is no such thing as "accessing". If you have the key, you can perform broadcasts from anywhere at anytime. Someone just stole yours, probably accessing your insecure computer/os (maybe via malware or phishing). If the thief uses a high enough fee, funds will be gone by the next block the transaction confirms, this would be under 10 minutes. This would be your only window of opportunity to hurry up and use an even higher fee to send the same funds elsewhere (a double spend), if you win the fee race his/hers will fail. I think its technically possible to monitor your wallet addresses against the blockchain in this way. But, your problem was letting the thief get your wallet (privkey) in the first place. If you had a large amount, you should have sent that into a cold wallet. The seed words are the most important thing to protect. |
|
|
|
we have developed means of space travel allowing us to move way faster than the speed of light
"Never underestimate the bandwidth of a starship full of isolinear chips." Yeah, but the lag sucks. Maybe that's why Roddenberry envisioned a money less society. In the meantime we cannot even make it work Earth/Mars... both planets would be forced to use separate blockchains with current technology. |
|
|
|
|
Show Posts
